Moderate Losses for Tel Aviv Stocks; Technology Plunges

The Tel Aviv Stock Exchange ended the first day of the Passover-shortened trading week, Sunday with moderate losses. The TA Composite Index closed at 1,265.18, down 1.64 percent, while the TA 100 declined 1.6 percent to 1,266.58, including a drop of 1.2 percent to 1,395.54 by the TA 25 most-widely-invested issues.

Worst hit were the biomed stocks, which fell 4.08 percent to 1,040.16, while the rest of the technology index stood at 342.06, down 2.95 percent. The real-estate issues declined .52 percent to 395.91 and the banks stocks stood at 1,261.20, down .08 percent.

The market will be closed until Wednesday because of the holiday, operating on an abbreviated schedule through Thursday, the intermediate days of the holiday. No trading is scheduled for next Sunday, the eve of the closing day of the holiday.